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The government has not sought funds from surplus reserves of the Reserve Bank to meet fiscal deficit, minister of state for finance Pon Radhakrishnan has said. The RBI has massive Rs 9.59 lakh crore reserves, and the finance ministry and independent director S Gurumurthy want it to be lowered in line with global practices

The Central Board of Direct Taxes (CBDT), that frames policy for the I-T department, on Monday ordered creation of a 12-member committee of senior officials to accomplish the task within the next three months. The new committee to undertake cadre review and restructuring of the department has been given a specific four-point charter to follow.

Sun Pharma, PowerGrid, Mahindra and Mahindra, Vedanta, Asian Paints and L&T were among the major gainers on the BSE platform with their stocks rising as much as 2.98 per cent. On NSE, sub-indices Nifty PSU Bank and Metal tracked major gains, up as much as 1.26 per cent.

India deferred the deadline to impose retaliatory customs duties on 29 US products, including almond, walnut and pulses, by another 45 days, the government said. In June, India decided to impose retaliatory tariffs from August 4. But it was extended by 45 days and then till Nov 2. In Nov, the decision to impose these […]

Ola has also invested in Vogo as part of the latter's series A fundraising that saw participation from Matrix Partners India and Stellaris Venture Partners. Vogo is a point-to-point dockless scooter-sharing company, present in Bengaluru and Hyderabad and has served over one lakh users.

dicating that further simplification of the Goods and Services Tax (GST) is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that '99 per cent things' attract sub-18 per cent GST slab. Before implementation of the GST, registered enterprises only numbered 65 lakh, which has now risen by 55 lakh, Modi […]

"The government must realise that making money should not be a sin. All over the world, people make money, companies make money and re-invest. If you see any democratic country, no government runs business. Every government said the government has no business being in business," Anil Agarwal said.

Borrowers that are facing challenges in the credit market are finding solace in dollar-denominated loans, even as non-performing debt at local banks, volatile rupee and 2019 national elections add to pressure on financing costs. The downfall of IL&FS group has fueled concerns about default risks, making banks pushing up the cost some firms pay for […]

Demand for gold is falling, forcing jewellers to get creative. Buyers get physical delivery of the metal once they have paid enough for one gram of gold, currently about Rs 3,200. The low barrier of entry, compared to the traditional market, and faster transactions, which can be done on a phone in about 40 seconds, […]

The government has not sought funds from surplus reserves of the Reserve Bank to meet fiscal deficit, minister of state for finance Pon Radhakrishnan has said. The RBI has massive Rs 9.59 lakh crore reserves, and the finance ministry and independent director S Gurumurthy want it to be lowered in line with global practices

The Central Board of Direct Taxes (CBDT), that frames policy for the I-T department, on Monday ordered creation of a 12-member committee of senior officials to accomplish the task within the next three months. The new committee to undertake cadre review and restructuring of the department has been given a specific four-point charter to follow.

Sun Pharma, PowerGrid, Mahindra and Mahindra, Vedanta, Asian Paints and L&T were among the major gainers on the BSE platform with their stocks rising as much as 2.98 per cent. On NSE, sub-indices Nifty PSU Bank and Metal tracked major gains, up as much as 1.26 per cent.

India deferred the deadline to impose retaliatory customs duties on 29 US products, including almond, walnut and pulses, by another 45 days, the government said. In June, India decided to impose retaliatory tariffs from August 4. But it was extended by 45 days and then till Nov 2. In Nov, the decision to impose these […]

Ola has also invested in Vogo as part of the latter's series A fundraising that saw participation from Matrix Partners India and Stellaris Venture Partners. Vogo is a point-to-point dockless scooter-sharing company, present in Bengaluru and Hyderabad and has served over one lakh users.

dicating that further simplification of the Goods and Services Tax (GST) is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that '99 per cent things' attract sub-18 per cent GST slab. Before implementation of the GST, registered enterprises only numbered 65 lakh, which has now risen by 55 lakh, Modi […]

"The government must realise that making money should not be a sin. All over the world, people make money, companies make money and re-invest. If you see any democratic country, no government runs business. Every government said the government has no business being in business," Anil Agarwal said.

Borrowers that are facing challenges in the credit market are finding solace in dollar-denominated loans, even as non-performing debt at local banks, volatile rupee and 2019 national elections add to pressure on financing costs. The downfall of IL&FS group has fueled concerns about default risks, making banks pushing up the cost some firms pay for […]

Demand for gold is falling, forcing jewellers to get creative. Buyers get physical delivery of the metal once they have paid enough for one gram of gold, currently about Rs 3,200. The low barrier of entry, compared to the traditional market, and faster transactions, which can be done on a phone in about 40 seconds, […]